Box 34 – Amounts deemed received on death

Matured RRSPs – We consider the annuitant under a matured RRSP to have received, immediately before the time of death an amount equal to the fair market value (FMV) of all the property held by the RRSP at the time of death, minus the part of that amount that the surviving spouse or common-law partner can receive because of the annuitant's death.

Unmatured RRSPs – We consider the annuitant under an unmatured RRSP to have received, immediately before the time of death, an amount equal to the FMV of all the RRSP property held by the RRSP at the time of death.

Note

In certain situations, you may not have to issue a T4RSP slip in the deceased annuitant's name. Before you enter an amount in box 34, see Unmatured RRSPs.

 
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